Proceeds From Home Under Construction in Edina Intended to Benefit UST Real Estate Education Programs – Real Estate Matters
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Proceeds From Home Under Construction in Edina Intended to Benefit UST Real Estate Education Programs

Construction has begun in Edina on a single-family house that will be sold to raise money for real estate education programs at the University of St. Thomas and serve as a learning tool for undergraduate and graduate students during the fall 2013 semester.

The house at 6443 McCauley Terrace, southeast of Highways 169 and 212-62, will overlook the west side of Arrowhead Lake. JMS Custom Homes, whose owner Jeff Schoenwetter is a member of the St. Thomas Real Estate Advisory Board, is the builder, and the Alexander Design Group of Wayzata is the architect.

Representatives from St. Thomas, JMS Custom Homes, and the UST Real Estate Advisory Board break ground on the home in Edina.

Representatives from St. Thomas, JMS Custom Homes, Edina Realty and the UST Real Estate Advisory Board break ground on the home in Edina.

Crown Bank of Edina will provide all construction funding to JMS for the 5,900-square-foot house, which will have four bedrooms and five bathrooms.

JMS and Alexander Design Group are donating services. Other expected donors include Edina Realty, which will market the house and provide financing for qualified purchasers; Shenehon Co., appraisal services; Fabyanske Westra Hart & Thomson, legal services; and various subcontractors.

Continue reading on the St. Thomas Newsroom.

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